Cisco Systems, Inc. $CSCO Shares Sold by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly reduced its holdings in Cisco Systems, Inc. by 90.4% during the 1st quarter, leaving them with shares valued at $2.33 million.
• CEO Charles Robbins sold 30,557 shares of Cisco stock for over $2 million, resulting in a 4.56% decrease in his ownership.
• Cisco Systems recently announced a quarterly dividend of $0.41 per share, equating to a dividend yield of 2.4%.

Jones Financial Companies Lllp reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 90.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,807 shares of the network equipment provider's stock after selling 356,269 shares during the period. Jones Financial Companies Lllp's holdings in Cisco Systems were worth $2,333,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cisco Systems during the 1st quarter valued at $618,000. UniSuper Management Pty Ltd increased its stake in shares of Cisco Systems by 1.9% during the first quarter. UniSuper Management Pty Ltd now owns 1,939,149 shares of the network equipment provider's stock valued at $119,665,000 after buying an additional 36,795 shares during the period. Rise Advisors LLC boosted its position in shares of Cisco Systems by 12.0% during the first quarter. Rise Advisors LLC now owns 11,099 shares of the network equipment provider's stock valued at $685,000 after purchasing an additional 1,188 shares in the last quarter. Petrus Trust Company LTA bought a new stake in Cisco Systems in the first quarter worth $221,000. Finally, PharVision Advisers LLC lifted its holdings in shares of Cisco Systems by 61.7% during the first quarter. PharVision Advisers LLC now owns 8,865 shares of the network equipment provider's stock valued at $547,000 after purchasing an additional 3,383 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. KeyCorp initiated coverage on Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target for the company. New Street Research restated a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. UBS Group boosted their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Wells Fargo & Company boosted their price target on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, William Blair upgraded Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the sale, the executive vice president directly owned 161,467 shares in the company, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares of the company's stock, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,099 shares of company stock worth $5,851,765. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

NASDAQ CSCO traded down $1.16 on Friday, hitting $66.53. 18,525,267 shares of the company's stock were exchanged, compared to its average volume of 16,775,248. The firm's 50-day moving average price is $68.24 and its two-hundred day moving average price is $64.00. The firm has a market cap of $263.01 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The company's quarterly revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.